2012 TPSEA Annual Report - Serena Hotels
2012 TPSEA Annual Report - Serena Hotels
2012 TPSEA Annual Report - Serena Hotels
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Notes to the Financial Statements (continued)<br />
15 Deferred income tax (CONTINUED)<br />
Consolidated deferred income tax assets and liabilities, deferred income tax charge/(credit) in the income statement,<br />
and deferred income tax charge/(credit) in equity are attributable to the following items:<br />
Deferred income tax Group<br />
Year ended 31 December 2011 1.1.2011 Charge/ Charge/ (Credit) 31.12.2011<br />
(Credit) to IS<br />
to equity<br />
Shs’000 Shs’000 Shs’000 Shs’000<br />
Deferred income tax liabilities<br />
Property, plant & equipment<br />
- on historical cost<br />
- on revaluation surpluses<br />
- on historical cost 360,188 169,024 - 529,212<br />
- on revaluation surplus 1,306,786 (29,402) - 1,277,384<br />
Unrealised exchange gains 38,610 66,548 - 105,158<br />
Accelerated tax depreciation 40,702 (45) - 40,657<br />
Other deductible temporary differences 2,892 (576 ) 9,487 11,803<br />
178 205,549 9,487 1,964,214<br />
Deferred income tax assets<br />
Tax losses carried forward (293,720) (94,115) - (387,835)<br />
Provisions (35,689) (5,029) - (40,718)<br />
Under provision in the year (2) - - (2)<br />
(329,411) (99,144) - (428,555)<br />
Net deferred income tax liability 1,419,767 106,405 9,487 1,535,659<br />
TPS EASTERN AFRICA LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS 2011 67
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